Governance & Politics Current Affairs - 2020
Latest India Current Affairs and Current Affairs related to Government policy, polity and administration in India. India’s National Current Affairs updates for 2019.
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The Confederation of Indian Industries has set up funds to assist rehabilitation of micro, small and medium enterprises. The fund is to be raised from the members of the confederation.
The MSMEs are the most affected sectors due to the outbreak of Corona Virus. This is mainly because of the steps taken to contain the virus like Lock Down, travel bans, closure of theatres, malls and educational institutions.
The GoI has launched several measures to help MSME sustain in the scenario of Lock Down.
The GoI has allowed late repayment of loans by the MSMEs. The Government will suspend Section 7, Section 9 and Section 10 of the IBC code for six months if the situation is to continue till April 30, 2020.
Under Section 7 of the Insolvency Bankruptcy Code, the creditor or the Government may file an application to initiate insolvency procedure.
Corporate Insolvencies are initiated under this section
The section gives powers to defaulting company to approach an adjudicating authority to declare it insolvent.
Tags: CII • Corona Virus • COVID-19 • funds • IBC
On March 25, 2020, the National Book Trust functioning under Ministry of Human Resources and Development launched Stay Home India with Books initiative. Under the initiative more than 100 books can be downloaded from the NBT website.
With Lock Down ruled by GoI to contain the spread of Corona Virus, the Ministry of HRD has uploaded more than 100 books in the NBT website to help people spend quality time during holidays. According to the ministry, majority of the books uploaded are children books. Apart from these, the other books include activity-based learning science, women scientists in India, Gandhi: Warrior of Non-Violence and many more.
The books uploaded are of different Indian languages. It includes English, Hindi, Marathi, Gujarati, Telugu, Kokborok, Bodo, Mizo, Tamil, Nepali, Kannada, Urudu, Malayalam, Telugu, etc.
National Book Trust
The National Book Trust was founded in 1957. The trust activities include publishing, promotion of Indian books, children literature, etc.
Tags: Corona Virus • COVID-19 • Indian languages • lock down • Ministry of Human Resource and Development